Why McDonald's Employee Budget Has Everyone Up In Arms

No matter how much or how little you make, a budget will help you reach your financial goals, right?

Possibly with that idea in mind,
McDonald's decided to teach its employees how to create one. But in doing so, the company may have inadvertently done something else: Shown that it's nearly impossible to make a living off the minimum wage.

While the rent is well below the national average of $1,062 per month, according to a recent report by Reis, it is possible in many parts of the country to find housing for $600 a month. And the monthly phone bill can run $100. Plus, let's applaud the fact that they encourage the employee to develop savings.

Despite its good intentions, when comes down to it, McDonald's, by positing two jobs for this fictional worker, has tacitly admitted that its employees can't live off the wages it pays.

McDonald's told ThinkProgress, “The samples that are on this site are generic examples … intended to help provide a general outline of what an individual budget may look like.”